Page 4 - Services Confidence News Today

- Markets reversed some of Friday's moves, calming after the initial shock of discovering a new coronavirus variant. Evaluation of Omicron variant sai

Speakers - ECB’s De Guindos (Spain) stated that was expecting a strong activity increase in H2. Inflation could be above 2% by end-2021 due to temporary factors. Saw moderation in inflation in 2022. Reiterated stance that best to err on the side of caution on when to begin removing stimulus. - ECBs Elderson (Netherlands; SSM member) stated that banks need to play pivotal role in greening economy. - - Turkey Central Bank (CBRT) Gov Kavcioglu QIR press conference reiterated stance to mainta...